Wednesday, October 8, 2008

Stocks for the week of Oct 5

These are the stocks that are passing at least three of my five filters, for the week of October 5. It is an unusual week in that the markets, the Congress, and the Fed are all providing lots of entertainment.

Symbol

Top Ranked

Zacks

PEG

SuppDem

VL

IBD Stock checkup

FLIR

1

1

1

1

A+

AFAM

1

1

1

A+

AMED

1

1

1

A+

BWLD

1

1

1

A+

CELG

1

1

1

A+

EZPW

1

1

1

A+

MANT

1

1

1

A+

OSIP

1

1

1

A+

PRGO

1

1

1

A+

ARO

1

1

1

A

URBN

1

1

1

A

JOY and MON are off the core list. AMED, MANT, and OSIP are new. Amedisys provides home health and hospice services. ManTech provides technologies and solutions for national security programs in the United States and internationally. (Any Alias fans out there?) OSI Pharmaceuticals discovers, develops, and commercializes molecular targeted therapies for oncology, diabetes, and obesity in the United States and internationally. (All growing problems here.)

Core list (with n of 10 weeks passing):

Symbol

Passing weeks

Earnings

ARO

10

Earn 3-Dec

FLIR

10

Earn 23-Oct

WAB

9

EZPW

9

AXYS

8

CELG

7

Earn 23-Oct

CF

6

URBN

6

Earn 13-Nov

ACI

5

ESV

5

Earn 23-Oct

HAL

5

Earn 20-Oct

NOV

5

Earn 23-Oct

RIMM

5

Earn 18-Dec

XLNX

5

Earn 15-Oct

BUCY

5

Earn 23-Oct

FSLR

5

SOHU

5

VMI

5

Earn 15-Oct

AMED

5

Earn 28-Oct

MANT

5

OSIP

5

moving down this week

moving up this week

new this week

The Market remains in Red Light mode according to the 1-2-3 model. The Inflation Model has remains at a negative two-and-a-half an inflation stars ("deflation").

Mr. Market is quite beside himself with a deep blue funk. Even an interest rate cut and the passing of the TARP brings no cheer.

My advice? Run for the hills. Get out of long positions, or balance your longs with carefully chosen shorts. Get out of debt. Grow food for yourself. Yes, the market might still go up 400 points in the next day or three, but it will undoubtedly turn out to be a sucker's rally. Enjoy your trading this week. Remeber that cash is a position, too.